Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (659)	1/7/1998 12:50:00 AM
From: Madharry	Respond to of 22640

Well Michael it's been my sad experience that when a company has accounting problems, they rarely know the extent of them for quite awhile, so I didn't and would not touch Oxford. I did some number crunching and comparisions to ATI to try to get a handle on what the cellular franchise could be worth. ATI currently has 6.5 million (proportionate) cellular and pCS subscribers and has an enterprise value of $25 billion. TBR has 3.5 million cellular subscribers and is growing 60% a year with limited capital spending. If this growth continues TBR will have 9 million in two years! ATI has other assets and US cellular subscribers are worth more than international, but it still looks likes the celullar part alone could be worth around $30 billion in the next two years, on top of that you have local wire and long distance service. If I were ATT, I think I would be looking at this very carefully.